Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) Position Cut by Primecap Management Co. CA

Primecap Management Co. CA trimmed its stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 0.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,232,970 shares of the company’s stock after selling 8,500 shares during the quarter. Primecap Management Co. CA owned approximately 0.52% of Norwegian Cruise Line worth $41,958,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NCLH. Transcendent Capital Group LLC bought a new stake in Norwegian Cruise Line in the first quarter valued at $27,000. YHB Investment Advisors Inc. bought a new stake in Norwegian Cruise Line in the first quarter valued at $39,000. Sentry Investment Management LLC acquired a new position in shares of Norwegian Cruise Line during the second quarter valued at $39,000. 1832 Asset Management L.P. acquired a new position in shares of Norwegian Cruise Line during the fourth quarter valued at $44,000. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Norwegian Cruise Line during the first quarter valued at $61,000. 69.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NCLH. Bank of America raised their price target on Norwegian Cruise Line from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Wells Fargo & Company raised their price target on Norwegian Cruise Line from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Stifel Nicolaus raised their price target on Norwegian Cruise Line from $26.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Morgan Stanley raised their price target on Norwegian Cruise Line from $16.50 to $17.50 and gave the company an “underweight” rating in a report on Wednesday, August 7th. Finally, Citigroup raised their price target on Norwegian Cruise Line from $18.00 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $22.17.

Norwegian Cruise Line Trading Down 0.5 %

Shares of NCLH opened at $19.76 on Wednesday. The business’s 50-day moving average price is $17.75 and its 200 day moving average price is $17.97. The stock has a market capitalization of $8.48 billion, a P/E ratio of 28.23, a P/E/G ratio of 0.27 and a beta of 2.70. Norwegian Cruise Line Holdings Ltd. has a 1-year low of $12.70 and a 1-year high of $21.73. The company has a current ratio of 0.24, a quick ratio of 0.22 and a debt-to-equity ratio of 17.19.

Norwegian Cruise Line (NYSE:NCLH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Norwegian Cruise Line had a return on equity of 105.44% and a net margin of 4.62%. Norwegian Cruise Line’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS. Analysts expect that Norwegian Cruise Line Holdings Ltd. will post 1.37 earnings per share for the current year.

Norwegian Cruise Line Profile

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.